West Akron, Akron, OH—44305
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Akron, Akron, OH
As of Oct '25, the median home price in West Akron, Akron, OH is $119,000, with a year-over-year change of -1.1%. This indicates that home prices in West Akron, Akron, OH are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $119,000 | -1.1% |
| Single Family | $119,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $102,000 | -1.0% |
3 Bed | $129,000 | 1.6% |
4 Bed | $134,000 | -0.7% |
| 5 Bed | $116,000 | -10.1% |
% of Housing Stock
Rental Trends — West Akron, Akron, OH
As of July '25, Rentcast reports the average rent in West Akron, Akron, OH is $1,060, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in West Akron, Akron, OH is studios: $750, 1-bedrooms: $785, 2-bedrooms: $959, 3-bedrooms: $1,230, 4-bedrooms: $1,270. The most common rental property sizes in West Akron, Akron, OH are 3-bedroom and 2-bedroom, accounting for 35.4% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,060 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | $775 | $785 |
| 2 Bed Rent | $950 | $959 |
| 3 Bed Rent | $1,200 | $1,230 |
| 4 Bed Rent | $1,250 | $1,270 |
% of Rental Stock
Property Listings — West Akron, Akron, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in West Akron, Akron, OH is 35. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $128,000 | 3.0% |
Listing Count | 82 | 19.0% |
| Listings as % of Homes | 0.6% | 19.0% |
Days on Market | 35 | 18.0% |
Demographics — West Akron, Akron, OH
As of the latest ACS Survey released in 2023, West Akron, Akron, OH has a population of 20,600, which has decreased by -8.3% over the past 5 years. West Akron, Akron, OH is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,600 | -8.3% |
% Under 18 | 23.4% | 2.6% |
% Seniors | 15.7% | 18.0% |
% WFH | 6.2% | 169.6% |
% w/ College Degree | 17.4% | 16.0% |
As of the latest ACS Survey released in 2023, West Akron, Akron, OH is a predominantly white area, with 61.7% of the population identifying as white. The white population has shrunk by 13.5% in the last 5 years. The second most common race or ethnicity in West Akron, Akron, OH is black, making up 20.4% of the population. Foreign-born residents account for 4.4% of the population in West Akron, Akron, OH, and this percentage has increased by 109.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.7% | -13.5% |
% Black | 20.4% | 1.5% |
% Hispanic | 2.1% | 23.5% |
% Asian | 4.6% | 557.1% |
% Foreign Born | 4.4% | 109.5% |
Mortgage and Risk — West Akron, Akron, OH
According to HUD data as of 2023, there were 423 mortgage originations in West Akron, Akron, OH, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in West Akron, Akron, OH. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 423 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — West Akron, Akron, OH
As of 2024, the percent of homes in West Akron, Akron, OH under the Section 8 program is 16.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In West Akron, Akron, OH, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 931 |
Total Units Section 8 | 675 |
% Rentals under Section 8 | 16.9% |
% Occupied Section 8 | 91.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $775 | $900 |
| 2 Bedroom | $210 | $950 | $1,160 |
| 3 Bedroom | $230 | $1,200 | $1,430 |
| 4 Bedroom | $290 | $1,250 | $1,540 |
Affordability — West Akron, Akron, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $119,000 |
| Median Household Income | $55,900 |